Bill Text: IL SB0369 | 2009-2010 | 96th General Assembly | Enrolled
Bill Title: Amends the Secretary of State Act. Makes a technical change in a Section concerning the deposit of public acts, laws, and resolutions with the Secretary of State.
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: (Passed) 2009-08-10 - Public Act . . . . . . . . . 96-0207 [SB0369 Detail]
Download: Illinois-2009-SB0369-Enrolled.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||
5 | Sections 2-108.1 and 18-125 as follows:
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6 | (40 ILCS 5/2-108.1) (from Ch. 108 1/2, par. 2-108.1)
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7 | Sec. 2-108.1. Highest salary for annuity purposes.
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8 | (a) "Highest salary for annuity purposes" means whichever | ||||||
9 | of
the following is applicable to the participant:
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10 | For a participant who first becomes a participant of this | ||||||
11 | System before the effective date of this amendatory Act of the | ||||||
12 | 96th General Assembly:
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13 | (1) For a participant who is a member of the General | ||||||
14 | Assembly on his
or her last day of service: the highest | ||||||
15 | salary that is prescribed by law,
on the participant's last | ||||||
16 | day of service, for a member of the General
Assembly who is | ||||||
17 | not an officer; plus, if the participant was elected or
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18 | appointed to serve as an officer of the General Assembly | ||||||
19 | for 2 or more
years and has made contributions as required | ||||||
20 | under subsection (d) of
Section 2-126, the highest | ||||||
21 | additional amount of compensation prescribed by
law, at the | ||||||
22 | time of the participant's service as an officer, for | ||||||
23 | members of
the General Assembly who serve in that office.
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1 | (2) For a participant who holds one of the State | ||||||
2 | executive offices
specified in Section 2-105 on his or her | ||||||
3 | last day of service: the highest
salary prescribed by law | ||||||
4 | for service in that office on the participant's
last day of | ||||||
5 | service.
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6 | (3) For a participant who is Clerk or Assistant Clerk | ||||||
7 | of the House of Representatives or Secretary or Assistant | ||||||
8 | Secretary of the Senate
on his or her last day of service: | ||||||
9 | the salary received for service in that
capacity on the | ||||||
10 | last day of service, but not to exceed the highest salary
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11 | (including additional compensation for service as an | ||||||
12 | officer) that is
prescribed by law on the participant's | ||||||
13 | last day of service for the highest
paid officer of the | ||||||
14 | General Assembly.
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15 | (4) For a participant who is a continuing participant | ||||||
16 | under Section
2-117.1 on his or her last day of service: | ||||||
17 | the salary received for service
in that capacity on the | ||||||
18 | last day of service, but not to exceed the highest
salary | ||||||
19 | (including additional compensation for service as an | ||||||
20 | officer) that
is prescribed by law on the participant's | ||||||
21 | last day of service for the
highest paid officer of the | ||||||
22 | General Assembly.
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23 | For a participant who first becomes a participant of this | ||||||
24 | System on or after the effective date of this amendatory Act of | ||||||
25 | the 96th General Assembly, the average monthly salary obtained | ||||||
26 | by dividing the total salary of the participant during the |
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1 | period of: (1) the 48 consecutive months of service within the | ||||||
2 | last 120 months of service in which the total compensation was | ||||||
3 | the highest, or (2) the total period of service, if less than | ||||||
4 | 48 months, by the number of months of service in that period. | ||||||
5 | (b) The earnings limitations of subsection (a) apply to | ||||||
6 | earnings
under any other participating system under the | ||||||
7 | Retirement Systems Reciprocal
Act that are considered in | ||||||
8 | calculating a proportional annuity under this
Article, except | ||||||
9 | in the case of a person who first became a member of this
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10 | System before August 22,
1994.
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11 | (c) In calculating the subsection (a) earnings limitation | ||||||
12 | to be applied to
earnings under any other participating system | ||||||
13 | under the Retirement Systems
Reciprocal Act for the purpose of | ||||||
14 | calculating a proportional annuity under this
Article, the | ||||||
15 | participant's last day of service shall be deemed to mean the | ||||||
16 | last
day of service in any participating system from which the | ||||||
17 | person has applied
for a proportional annuity under the | ||||||
18 | Retirement Systems Reciprocal Act.
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19 | (Source: P.A. 90-655, eff. 7-30-98.)
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20 | (40 ILCS 5/18-125) (from Ch. 108 1/2, par. 18-125)
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21 | Sec. 18-125. Retirement annuity amount.
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22 | (a) The annual retirement annuity for a participant who | ||||||
23 | terminated
service as a judge prior to July 1, 1971 shall be | ||||||
24 | based on the law in
effect at the time of termination of | ||||||
25 | service.
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1 | (b) Effective July 1, 1971, the retirement annuity for any | ||||||
2 | participant
in service on or after such date shall be 3 1/2% of | ||||||
3 | final average salary,
as defined in this Section, for each of | ||||||
4 | the first 10 years of service, and
5% of such final average | ||||||
5 | salary for each year of service on excess of 10.
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6 | For purposes of this Section, final average salary for a | ||||||
7 | participant who first serves a judge before the effective date | ||||||
8 | of this amendatory Act of the 96th General Assembly shall be:
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9 | (1) the average salary for the last 4 years of credited | ||||||
10 | service as a
judge for a participant who terminates service | ||||||
11 | before July 1, 1975.
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12 | (2) for a participant who terminates service after June | ||||||
13 | 30, 1975
and before July 1, 1982, the salary on the last | ||||||
14 | day of employment as a judge.
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15 | (3) for any participant who terminates service after | ||||||
16 | June 30, 1982 and
before January 1, 1990, the average | ||||||
17 | salary for the final year of service as
a judge.
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18 | (4) for a participant who terminates service on or | ||||||
19 | after January 1,
1990 but before the effective date of this | ||||||
20 | amendatory Act of 1995, the
salary on the last day of | ||||||
21 | employment as a judge.
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22 | (5) for a participant who terminates service on or | ||||||
23 | after the effective
date of this amendatory Act of 1995, | ||||||
24 | the salary on the last day of employment
as a judge, or the | ||||||
25 | highest salary received by the participant for employment | ||||||
26 | as
a judge in a position held by the participant for at |
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1 | least 4 consecutive years,
whichever is greater.
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2 | However, in the case of a participant who elects to | ||||||
3 | discontinue contributions
as provided in subdivision (a)(2) of | ||||||
4 | Section 18-133, the time of such
election shall be considered | ||||||
5 | the last day of employment in the determination
of final | ||||||
6 | average salary under this subsection.
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7 | For a participant who first serves a judge on or after the | ||||||
8 | effective date of this amendatory Act of the 96th General | ||||||
9 | Assembly, final average salary shall be the average monthly | ||||||
10 | salary obtained by dividing the total salary of the participant | ||||||
11 | during the period of: (1) the 48 consecutive months of service | ||||||
12 | within the last 120 months of service in which the total | ||||||
13 | compensation was the highest, or (2) the total period of | ||||||
14 | service, if less than 48 months, by the number of months of | ||||||
15 | service in that period. | ||||||
16 | The maximum retirement annuity for any participant shall be | ||||||
17 | 85% of final
average salary.
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18 | (c) The retirement annuity for a participant who retires | ||||||
19 | prior to age 60
with less than 28 years of service in the | ||||||
20 | System shall be reduced 1/2 of 1%
for each month that the | ||||||
21 | participant's age is under 60 years at the time the
annuity | ||||||
22 | commences. However, for a participant who retires on or after | ||||||
23 | the
effective date of this amendatory Act of the 91st General | ||||||
24 | Assembly, the
percentage reduction in retirement annuity | ||||||
25 | imposed under this subsection shall
be reduced by 5/12 of 1% | ||||||
26 | for every month of service in this System in excess of
20 |
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1 | years, and therefore a participant with at least 26 years of | ||||||
2 | service in this
System may retire at age 55 without any | ||||||
3 | reduction in annuity.
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4 | The reduction in retirement annuity imposed by this | ||||||
5 | subsection shall not
apply in the case of retirement on account | ||||||
6 | of disability.
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7 | (Source: P.A. 91-653, eff. 12-10-99.)
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8 | Section 99. Effective date. This Act takes effect upon | ||||||
9 |